Connor Clark & Lunn Investment Management Ltd. lessened its stake in Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 6.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 740,852 shares of the mining company's stock after selling 51,411 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.12% of Harmony Gold Mining worth $6,082,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its position in Harmony Gold Mining by 76.8% in the 3rd quarter. Wellington Management Group LLP now owns 2,676,433 shares of the mining company's stock valued at $27,219,000 after acquiring an additional 1,162,292 shares in the last quarter. ABC Arbitrage SA acquired a new stake in Harmony Gold Mining in the 4th quarter valued at about $20,229,000. Vontobel Holding Ltd. increased its position in Harmony Gold Mining by 4.1% in the 4th quarter. Vontobel Holding Ltd. now owns 516,166 shares of the mining company's stock valued at $4,238,000 after acquiring an additional 20,336 shares in the last quarter. Bridgewater Associates LP increased its position in Harmony Gold Mining by 34.6% in the 3rd quarter. Bridgewater Associates LP now owns 403,178 shares of the mining company's stock valued at $4,100,000 after acquiring an additional 103,608 shares in the last quarter. Finally, Dorsey Wright & Associates increased its position in Harmony Gold Mining by 12.0% in the 3rd quarter. Dorsey Wright & Associates now owns 378,630 shares of the mining company's stock valued at $3,851,000 after acquiring an additional 40,592 shares in the last quarter. Institutional investors and hedge funds own 31.79% of the company's stock.
Analyst Ratings Changes
Separately, StockNews.com raised shares of Harmony Gold Mining from a "hold" rating to a "buy" rating in a research note on Friday, March 7th.
Get Our Latest Stock Analysis on HMY
Harmony Gold Mining Trading Up 1.4 %
Shares of NYSE HMY traded up $0.17 during mid-day trading on Wednesday, hitting $12.62. The company's stock had a trading volume of 6,803,231 shares, compared to its average volume of 7,315,638. The stock has a market cap of $8.01 billion, a price-to-earnings ratio of 7.47, a price-to-earnings-growth ratio of 0.63 and a beta of 1.85. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 1.07. Harmony Gold Mining Company Limited has a one year low of $7.53 and a one year high of $12.76. The company's fifty day simple moving average is $10.95 and its 200-day simple moving average is $10.09.
Harmony Gold Mining Increases Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Monday, April 21st. Stockholders of record on Friday, April 11th will be paid a $0.1245 dividend. This represents a dividend yield of 0.9%. The ex-dividend date is Friday, April 11th. This is a positive change from Harmony Gold Mining's previous semi-annual dividend of $0.04. Harmony Gold Mining's dividend payout ratio (DPR) is 11.24%.
Harmony Gold Mining Company Profile
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Free Report)
Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. The company explores for uranium, silver, copper, and molybdenum deposits. It has eight underground operations in the Witwatersrand Basin; an open-pit mine on the Kraaipan Greenstone Belt; and various surface source operations in South Africa.
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